Sylvamo (NYSE:SLVM) Issues Earnings Results

Sylvamo (NYSE:SLVM) issued its quarterly earnings data on Wednesday. The company reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.10, Zacks reports. Sylvamo had a return on equity of 30.60% and a net margin of 7.13%.

Sylvamo Stock Performance

Sylvamo stock traded down $7.23 during trading on Wednesday, hitting $68.89. The stock had a trading volume of 159,751 shares, compared to its average volume of 245,956. The stock’s 50 day moving average is $81.11 and its two-hundred day moving average is $81.61. Sylvamo has a 1 year low of $44.94 and a 1 year high of $98.02. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of 10.68, a price-to-earnings-growth ratio of 2.22 and a beta of 1.12. The company has a quick ratio of 1.13, a current ratio of 1.72 and a debt-to-equity ratio of 0.94.

Sylvamo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Monday, January 6th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, January 6th. This represents a $1.80 annualized dividend and a dividend yield of 2.61%. Sylvamo’s payout ratio is currently 27.99%.

Analyst Ratings Changes

SLVM has been the subject of several recent analyst reports. Bank of America reaffirmed an “underperform” rating and issued a $96.00 target price on shares of Sylvamo in a report on Wednesday, December 11th. Sidoti began coverage on Sylvamo in a research note on Tuesday, October 15th. They issued a “buy” rating and a $100.00 price objective for the company.

Sylvamo Company Profile

Sylvamo Corporation produces and markets uncoated freesheet for cutsize, offset paper, and pulp in Latin America, Europe, and North America. The company operates through Europe, Latin America, and North America segments. The Europe segment offers copy, tinted, and colored laser printing paper under REY Adagio and Pro-Design brands; and graphic and high-speed inkjet printing papers under the brand Jetstar; as well as produces uncoated freesheet papers.